DHT reports double-digit million dollar deficit in strained tanker market

Crude oil tanker shipping company DHT Holdings reports a new deficit for the third quarter of the year, though operating profit and spot income were more or less in line with expectations. Analyst firm Clarksons Platou is optimistic about the company's fourth quarter.

Photo: PR-foto: DHT Holdings

2018 has so far been a very strained year for the crude oil tanker operators, who have been struggling with weak demand for oil transport and too many ships vying for the jobs.

A testimony to this state of things is the tanker shipping companies' results this year, and on the bottom line, the third quarter is no exception for DHT Holdings, shows the company's interim report for the third quarter.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs